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(TMB) Tamilnad Merca complete technical analysis [charts+indicators] | Buy/Sell Tamilnad Merca | (TMB) share price targets

Complete technical analysis of Tamilnad Merca (TMB) by charts plus indicators, forecast predictions and share price targets for Tamilnad Merca (TMB)

Showing technical analysis as on 2024-08-23 View latest technical analysis

10 day averaged volume of Tamilnad Merca is 113457

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	462.85	465.00	465.00	460.20	0.727 times
22 Thu Aug 2024	462.05	467.00	474.65	460.00	1.109 times
21 Wed Aug 2024	457.80	462.90	464.20	455.15	0.995 times
20 Tue Aug 2024	462.90	467.80	467.80	461.20	0.765 times
19 Mon Aug 2024	462.50	460.00	471.35	460.00	2.396 times
16 Fri Aug 2024	451.00	450.00	453.20	450.00	0.512 times
14 Wed Aug 2024	447.10	449.05	452.40	445.10	0.504 times
13 Tue Aug 2024	449.80	450.00	454.00	448.05	0.616 times
12 Mon Aug 2024	449.15	451.00	452.65	444.00	0.847 times
09 Fri Aug 2024	451.55	456.00	456.00	449.50	0.787 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 460.7, but if it comes below 460.7, then a intra day sell could be more profitable.
If you take a sell trade below 460.7, then use 460.7 as stoploss and 455.28 as target. However if you take a buy trade in stock , then use 460.7 as stoploss and 467.3 as target.

Share price targets for Tamilnad Merca (TMB)

Target Type	Value
Downside Target	438.05
Upside Target	467.95
Upside Target	469.00
Upside Target	474.65
Upside Target	475.05
Upside Target	485.00
Upside Target	489.00
Upside Target	491.15
Upside Target	499.25
Upside Target	504.10

Intraday share price targets for Tamilnad Merca (TMB)

Target Type	Value
Downside Intraday Target	453.78
Downside Intraday Target	444.72
Upside Intraday Target	473.28
Upside Intraday Target	483.72
Upside Intraday Target	464.22

Weekly technical analysis of Tamilnad Merca (TMB)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	462.85	460.00	474.65	455.15	2.416 times
16 Fri Aug 2024	451.00	451.00	454.00	444.00	0.053 times
09 Fri Aug 2024	451.55	459.95	485.00	438.05	6.939 times
02 Fri Aug 2024	450.90	464.30	467.95	448.10	1.533 times
26 Fri Jul 2024	459.35	463.65	469.00	454.75	0.894 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Tamilnad Merca (TMB)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	462.85	463.00	485.00	438.05	2.513 times
31 Wed Jul 2024	462.60	472.20	489.00	454.75	1.007 times
28 Fri Jun 2024	471.30	464.50	499.25	446.00	2 times
31 Fri May 2024	455.95	486.00	491.15	453.00	0.771 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Tamilnad Merca (TMB)

Price action analysis of Tamilnad Merca ( (TMB) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Tamilnad Merca ( (TMB) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Tamilnad Merca ( (TMB) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Tamilnad Merca ( (TMB) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Tamilnad Merca stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Tamilnad Merca in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Tamilnad Merca Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Tamilnad Merca in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Tamilnad Merca is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 457.53 and Tamilnad Merca (TMB) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Tamilnad Merca (TMB) stock. Volume based technical analysis of Tamilnad Merca (TMB) stock is negative.

Tamilnad Merca Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.